You are here: Home » Reuters » News
Business Standard

Can a small-town Virginia banker fix Wells Fargo's board?


By Dan Freed(Reuters) - Wells Fargo & Co will likely turn to a former community banker and Fed official to head its board as the scandal-ridden bank tries to restore its former reputation as a solid, plain-vanilla lender, people familiar with the matter told Reuters. Betsy Duke, who only joined the board of the third-largest U.S. lender in 2015, will be promoted as Wells tries to repair damage caused by widespread sales abuses against customers. Shareholders gave the board a very thin endorsement at the bank's annual meeting in the spring, and Duke is likely to become the next chairwoman, ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, August 11 2017. 08:44 IST